European Stars and Stripes (Newspaper) - October 12, 1985, Darmstadt, Hesse                                Saturday october 12, 1985 the stars and stripes Page 5 tour father was a hero family earns Klinghofer was murdered and thrown in sea new York a the widow of murdered Hosea Cleon . In her first phone Call Home since he killing. I he her grieving daughters thursday your fal Hirwas a  Marilyn Kline Hoff a. 5x. Made inc cum Mcnol in a Call from port said Kepi. After she was escorted off the cruise liner Achille Lauro according to her son in Law Jerry a fair tier. He said the family u grief stricken Over the death of Klinghoffer a partially paralysed stroke victim who was confined to a wheelchair at the hands of palestinian terrorists who seized the ship a Billier read a Brief statement to reporters that he said was written by himself and the Alingh offers two daughters Lisa 34. And Lisa. 28. We want you to know that our father Leon Klinghoffer. Was a devoted husband a Loving father and a kind and generous Friend to Many people said Arbil tier who is married to Lisa. This morning we spoke to the girls Mother Marilyn Klinghoffer in Egypt. The nature of their conversation was very private and concerned family matters Only. No details of the death of Leon Klinghoffer were discussed other than Marilyn said your father was a hero " after Reading the hand written statement. A Billier walked Back inside the Alingh offers apartment building refusing to answer questions. Klinghoffer 69, and his wife of 36 years were in a group of 10 people most from new Jersey travelling together on the scheduled 16-Day cruise to Eastern Mediterranean ports. Leon Klinghoffer and wife Marilyn. They were among the 511 passengers and Crew members aboard the italian luxury liner when it was taken Over by four men claiming to be members of the Palestine liberation front a splinter group of the Palestine liberation organization. Some members of the party who were touring Alexan Dria said the Alingh offers decided o stay aboard the ship because he was confined to a wheel chair As result o two strokes he suffered in the past. He was partially partly cd on the right Side and had difficulty speaking. The Captain of the Achille Juro disclosed after the terrorists left the ship wednesday thai Klinghoffer had been shot and dumped into the sea. The family members had originally thought he was Safe Only to icam hours later that he had been murdered. Before Arbittier s press conference Lotty Simon a family spokeswoman had said the family twice tried to Call the White House but that an operator had refused their Call. However after the family statement was read she said there is response and we will refer any questions to the slate  the  had been on the cruise with a group of new York area residents. Carol hods. Whose parents were part of the close knit group said Leon klingon offer was a real Sweet Man. My picture of him in my mind is of him  hades said her Mother Mildred was apparently singled out by the hijackers As the next victim after they killed Klinghoffer. According to a ship to Short radio transmission the terrorists showed the Caplain of the Achille Lauro her passport and said she goes  the slate depart Mcnol later told Hodes that her Molher had to gel Down on her hands and Knees and beg for her life. She was going to be the next one  meanwhile the son of Anna Geraldine Saire and Donald of. Saire or. Said his parents would continue their cruise. Federal Reserve system description Central tanking system of the untied Stales its most important Jot is to influence the Low of credit and Money Structure All National bras must be members each of 12 Federal Reserve dust ecu has a Federal Reserve Bank supervised by a nine member Board general supervision lies with the Board i governors. Appointed by the president to 14. Year terms subject to Senate approval. History established in 1913 when 1 Congre passed. Me Federal Reserve act. A primary purpose waa to end me Many Bank Lail Unm. The system enables Banks 10 borrow Money Tempo Ranty co meet seasonal and sudden demands from depositors Mak fun Tlona the system sets Reserve requirements Lor member Banks an increase or decrease atle cts How much Money Banks can loan the system also influences credit conditions through the discount rate the Rale Bantu must by to borrow Money Dom Federal Reserve Banks other unctions include setting margin requirements Lor securities transactions regulating consumer and housing credit and supervising Reserve and member Bantu Sodom Wott by a nov a Kef air Tara Reagan selects two new Federal Reserve officials Washington a president Reagan splitting the difference Between the monetarist and Supply Side schools of economics picked Wayne d. Angell and Man Uel h. Johnson on thursday to fill two seals on the Power Ful Federal Reserve Board. Johnson assistant Treasury Sec Clary for economic policy is a Follower of the Supply Side school that believes in inc need for Sharp cuts in tax Rales and an easy monetary policy to stimulate economic growth. Angell economics professor at Ottawa University in Kansas is a monetarist who advocates steady Money growth As a Way of guarding against inflation. The nominations must be confirmed by the Senate. With the selection of Johnson and Angell Reagan has appointed a majority of the seven member Board which controls the nation s Money Supply. Earlier he named Preston Martin the fed s vice chairman and Martha Seeger and also reappointed Paul Volcker to a second four year term As chairman. Johnson was picked for a 14-year term beginning next feb. I succeeding j. Charles Partsc. Angell was named to fill inc unix Pird term of Lyle Gramacy who resigned. It expires in 1994. Johnson was a key architect of the lax culs enacted in Reagan s first year in office and he has often criticized Volcker s Money policies. Supply siders fault Volcker for pursuing a tight Money policy which drove up incr Cal Rales and plunged the coun try into a recession. Reagan s two earlier appoint pcs. Martin and Sec Ger. Have frequently dissented from Volcker in favor of looser Money controls to keep the recovery alive by picking proponents of opposing Camps Reagan apparently decided not try to till inc ideological balance of the Board one Way or the other. Johnson 36, was an associate professor of economics at George Mason University in Fairfax va., before joining the Reagan administration in 1981. Angell 55. Is director of the Federal Reserve Bank of Kansas City. Sands of time in the stars and stripes 40 years ago today. Oct. 12, 1945 the first atrocity trial in the . Zone of occupation in Germany produced a confession of mass murder by two officials Alfonso Klein former administrator of the Hadamard mental institution and Heinrich Ruoff the former chief male nurse. Evidence produced at the trial in Wiesbaden revealed that at least 50,000 people most of them German were killed at Hadamard. 30 years ago today. Oct. 12, 1955 physicians in Bonn announced that West Germany s 79-year-old Chancellor Konrad Adenauer was suffering from pneumonia in Rome. The sudden announcement shocked the German nation. 20 years ago today. Oct. 12.1965 . Troops pressed big offensives in Pursuit of the Viet Cong in dense forests North of Saigon and in the Central Highlands of South Vietnam a . Military spokesman said. 70 years ago today. Oct. 12, 1975 a sniper fired into a peace March of moslem and christians in Beirut killing two and disrupting efforts to defuse Ibe lebanese crisis. Stress tests cause cracks in part on Navy s new Jet Washington a stress tests produced cracks in a Structure connecting the wings of the Navy s new f-a-18 fighter to the fuselage a problem that would Cut the plane s expected service life by two thirds unless corrected a Navy spokesman said thursday. But the Laboratory failure of the alumni num Structure known As the Wing carry through Bulkhead docs not mean that any of the 251 planes delivered to the Navy is in imminent danger said commander Ken Pease a Navy spokesman. The planes were built with inc intention that they would have a life of 6,000 hours of flying time Over approximately 20 years. Stress to cols performed by the f-a-18 s prime contractor Mcdonnell Douglas corp., showed that problems could crop up in As Little As 2,000 or As Many As 5.00c flying hours. Pease said none of inc $18.7 million aircraft with design problems have More than 366 hours of service meaning that cracks arc unlikely to show up for several years. And he said no planes in the Fleet have shown signs of cracks or been grounded because of the test find ing. Pease said the problem would be corrected by strengthening the planes Al ready in service and retooling the part for placement in planes that have not Bee built. The Navy plans to buy 1,377 of the planes for itself and the Marine corps Over the next several years. About 70 also have been sold to foreign governments